Mondelez: Q4 EPS up 23%

(CercleFinance.com) - On Tuesday evening, Mondelez reported Q4 adjusted EPS of 84 cents, up 23.
5%, with adjusted operating margin improving by 0.4 point to 15.1%, on revenues of $9.31bn, up 9.8% organically, thanks to price effects (+10.2 points).

For FY 2023, the holder of the Milka, Lu and Cadbury brands, amongst others, posted adjusted EPS of $3.19, up 19% at constant exchange rates, on revenues of $36bn, up 14.7% organically.

For the year ahead, the food group forecasts high single-digit growth in adjusted EPS at constant exchange rates, as well as organic revenue growth of between 3% and 5%.


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